Advisors Disciplined Trust 783's portfolio invests in 'hard assets'

By Toni Weeks

San Diego, Nov. 2 - Advisors Disciplined Trust 783 has registered units of its series 2011-2 Confluence Hard Assets Portfolio, according to an S-6 filed with the Securities and Exchange Commission.

The depositor is Monument, Colo.-based Advisors Asset Management, Inc.

The trust seeks to provide capital appreciation investing in a portfolio primarily consisting of stocks of companies involved in the mining, extraction and/or cultivation of "hard assets." A hard asset can be defined as a tangible asset whose value is intrinsic based on what it is or what can be done with it. These companies are involved in, but are not limited to, precious metals, mining, energy and forest products.

The trust's inception date will be in November, and the termination date will be in February 2013.

The $10 units will have a maximum sales fee of 3.95%, which will consist of a 1% initial sales fee, a 2.35% deferred sales fee and a 0.6% creation and development fee. Reductions in the sales fee are available on a sliding scale down to 2.35% depending on the amount of the investment.

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